QQQ vs SPCT
Invesco QQQ Trust, Series 1 vs Liberty One Spectrum ETF
Which is better, QQQ or SPCT?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. SPCT is less concentrated, with 28.2% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | SPCT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.85% |
| AUM | $498.6B | $68M |
| Dividend Yield | 0.42% | 0.81% |
| Holdings | 321 | 102 |
| YTD Return | +21.69%Best | +7.42% |
| 1Y Return | +24.10%Best | +9.87% |
| 3Y Return (annualized) | +27.05% | - |
| 5Y Return (annualized) | +16.31% | - |
| Volatility (annualized) | 21.0% | 11.8%Best |
| Max Drawdown | -12.0% | -7.2%Best |
| $10,000 over 1 years | $12,352Best | $10,893 |
| Top 10 Weight | 47.2% | 28.2%Best |
| Fund Family | Invesco (US) | Liberty One Investment Management, LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 30, 2025 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 30, 2025 to Oct 13, 2026 (1 years).
QQQ vs SPCT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
QQQ vs SPCT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Liberty One Spectrum ETF (SPCT) is an ETF from Liberty One Investment Management, LLC. Over the past year QQQ returned +24.10% while SPCT returned +9.87%. Year to date, QQQ is up 21.69% versus a gain of 7.42% for SPCT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 11.8% for SPCT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for QQQ and -7.2% for SPCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPCT charges 0.85%. On a $10,000 position that is $18 vs $85 annually, a gap of $67 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.81% for SPCT.
Holdings Overlap
30.7% of QQQ's money is in holdings SPCT also owns. 21.6% of SPCT's money is in holdings QQQ also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 102 positions we hold weights for in QQQ and 51 in SPCT, against full books of 321 and 102.
What only one of them owns
Our book lists 38 positions for SPCT that do not appear in our book for QQQ (72.5% of the fund), and 86 for QQQ that do not appear in SPCT (67.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPCT | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.80% | 3.52% | 4.28% |
| MSFTMicrosoft Corp | 5.88% | 2.54% | 3.34% |
| AMZNAmazon.Com Inc | 4.41% | 3.10% | 1.31% |
| AVGOBroadcom Inc | 2.74% | 2.91% | 0.17% |
| GOOGAlphabet Inc. C | 2.93% | 2.33% | 0.60% |
| METAMeta Platforms Inc | 3.07% | 1.42% | 1.65% |
| WMTWalmart, Inc. | 2.31% | 1.80% | 0.51% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.87% | 1.33% | 0.46% |
| HONHoneywell International Inc | 0.28% | 1.84% | 1.56% |
| INTUIntuit, Inc. | 0.39% | 0.82% | 0.43% |
30.7% of QQQ is already inside SPCT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or SPCT?
QQQ has an expense ratio of 0.18% while SPCT charges 0.85%. QQQ is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, QQQ or SPCT?
Over the past year QQQ returned +24.10% vs +9.87% for SPCT, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +23.52% vs +8.93% for SPCT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPCT?
QQQ has been the more volatile fund at 21.0% annualized versus 11.8% for SPCT. Worst drawdown: QQQ -12.0% vs SPCT -7.2%.
Should I hold both QQQ and SPCT?
QQQ and SPCT have a monthly-return correlation of 0.19, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and SPCT?
30.7% of QQQ's money is in holdings SPCT also owns. 21.6% of SPCT's is in holdings QQQ also owns. They hold 10 positions in common, counted across the 102 positions we hold weights for in QQQ and 51 in SPCT.
Which pays a higher dividend, QQQ or SPCT?
QQQ yields 0.42% while SPCT yields 0.81%, so SPCT currently pays the higher dividend yield.
Is SPCT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. SPCT is less concentrated, with 28.2% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.